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2. Analyze the situation and provide comprehensive answers to the questions that follow. Andres designs and produces customized shirts. He sells them for P250.00 per shirt. Plain shirts cost him P120.00, and his monthly utilities (rent and electricity) cost him P7,410.00. a. How many customized shirts should he sell to avoid incurring losses? Show how you computed for the answer. b. Suppose Andres asked for your advice. Cite three best ways to avoid losses.

2. Analyze the situation and provide comprehensive answers to the questions that follow. Andres designs and produces customized shirts. He sells them for P250.00 per shirt. Plain shirts cost him P120.00, and his monthly utilities (rent and electricity) cost him P7,410.00. a. How many customized shirts should he sell to avoid incurring losses? Show how you computed for the answer. b. Suppose Andres asked for your advice. Cite three best ways to avoid losses.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. Analyze the situation and provide comprehensive answers to the questions that follow. Andres designs and produces customized shirts. He sells them for P250.00 per shirt. Plain shirts cost him P120.00, and his monthly utilities (rent and electricity) cost him P7,410.00. a. How many customized shirts should he sell to avoid incurring losses? Show how you computed for the answer. b. Suppose Andres asked for your advice. Cite three best ways to avoid losses.
Transcribed Image Text:2. Analyze the situation and provide comprehensive answers to the questions that follow. Andres designs and produces customized shirts. He sells them for P250.00 per shirt. Plain shirts cost him P120.00, and his monthly utilities (rent and electricity) cost him P7,410.00. a. How many customized shirts should he sell to avoid incurring losses? Show how you computed for the answer. b. Suppose Andres asked for your advice. Cite three best ways to avoid losses.
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